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Interest on late payment of pf allowed pr disalllowed under income tax act

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(Querist)
07 October 2014 Penal damages and interest under sec7q of provodent fund act is allowed or disallowed under income tax act?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 October 2014 Interest on delayed payment of pf dues is allowed on payment basis.

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